17930 SPRING ST, Sonoma, CA 95476Price Reduced: 12/08/05 -- $499,000 to $484,000Days on Market: 136Total Reduction: 15k that was hardly worth the time it took to re-enter it in MLSThis bargain on Spring st. is the YOU WILL BE SURPRISED house featured on the "Buy the House, Get the Iron Maiden Free" thread. I wonder if the seller is surprised that the cracker jack box of a house hasn't sold?

19177 ARNOLD DR, Sonoma, CA 95476Price Reduced: 12/05/05 -- $625,000 to $599,999Price Reduced: 02/15/06 -- $599,999 to $589,000Days on Market: 140First Reduction: 26k round about: who gives a rat's ass?Second Reduction: 10k not really the kind of hustle we like to see when the house has been sitting for 140 days.

17313 PARK AVE, Sonoma, CA 95476Price Reduced: 01/31/06 -- $599,999 to $589,999Days on Market: 143They relisted it on 2/16/06 trying to make it look like it has only been on the market 16 daysTotal Reduction: 10k ... give you 3 guesses why this baby ain't movin'?!?!?

162 W AGUA CALIENTE RD, Sonoma, CA 95476Price Reduced: 01/09/06 -- $368,000 to $364,900 Price Reduced: 02/21/06 -- $364,900 to $359,900Days on Market: 148First Reduction: round about 3k... baahahahahahahaha!Second Reduction: 5koh my flipping gawd! This one has to win the HUA award. He SO doesn’t get it. Times are a changin’! Personally, you couldn’t pay me to live in this crappy condo in little Tijuana.

511 BAINES AVE, Sonoma, CA 95476Price Reduced: 11/11/05 -- $535,000 to $510,000Price Reduced: 11/30/05 -- $510,000 to $495,000Price Reduced: 01/12/06 -- $495,000 to $479,500Price Reduced: 02/23/06 -- $479,500 to $450,000Days on Market: 175Total Reduction: 85k wow, take it down another 85k and we will be in business. This is the kind of hustle on price we like to see. Though maybe another 3 or 4 months on the market will allow the reality to sink in…

222 BOYES BLVD, Sonoma, CA 95476Price Reduced: 02/21/06 -- $499,900 to $485,000Days on Market: 57Total Reduction: 14,900k round about barely 3%This house is on the main drag of Boyes Hot Springs and apparently the seller thinks it is only overpriced by 3% (bahahahaha!)

18255 BARRETT AVE, Sonoma, CA 95476Price Reduced: 03/03/06 -- $469,000 to $439,000Days on Market: 44Total Reduction: 30k if you saw this place… geez… I wouldn’t think it was a good deal if it was marked down 100k sheesh.

508 BOKMAN PL, Sonoma, CA 95476Price Reduced: 03/01/06 -- $640,000 to $634,000Days on Market: 107Total Reduction: 6kAgain… with the laughter. This baby has been on the market 107 days, and not to revert to being a 10 year old…but big whoop!

18440 LUCAS AVE, Sonoma, CA 95476Price Reduced: 02/28/06 -- $515,000 to $499,999Days on Market: 158Total Reduction: $15,001 you know, this one seems to match the price and listing of a foreclosure on foreclosure.com and on realtytrac.com hmmm I wonder how much they paid for this tiny little shoebox in the first place? Looks like someone is in the hole now.

715 BOYES BLVD, Sonoma, CA 95476Price Reduced: 11/14/05 -- $879,000 to $849,000Price Reduced: 02/08/06 -- $849,000 to $799,000Days on Market: 181Total Reduction: 80k round about 9.1% (this one is no longer listed on ziprealty, but it is listed on GMAC MLS without the price reduction)

Previous Price Reduced Properties No longer listed

18677 MELODY LN, Sonoma, CA 95476Price Reduced: 02/06/06 -- $649,000 to $629,000Days on Market: 75Total Reduction: 20k wooohooo... can I get a "Hell Ya!!" for round about 3% ?not listed on ziprealty.com, but IS listed on GMAC as under contract

18395 BARRETT AVE, Sonoma, CA 95476Price Reduced: 01/30/06 -- $579,000 to $569,900Days on Market: 190Total Reduction: 10k round about 1.74% (who came up with that lame number?)Listed as Under Contract on GMAC MLS

17023 SUMMER MEADOW LN, Sonoma, CA 95476Price Reduced: 11/14/05 -- $1,249,000 to $1,149,000Days on Market: 165Total Reduction: 100k right close to 8%MLS message: The property you were looking for has either been sold or removed from the market

17333 MALEK LN, Sonoma, CA 95476Price Reduced: 02/20/06 -- $549,000 to $544,000Days on Market: 173Total Reduction: 5k round about: You have GOT to be kidding me!MLS message: The property you were looking for has either been sold or removed from the market

4611 WARM SPRINGS RD, Glen Ellen, CAPrice Reduced: 01/04/06 -- $699,000 to $629,000Days on Market: 151Total Reduction: 70k round about 10%MLS message: The property you were looking for has either been sold or removed from the market

1343 E NAPA ST, Sonoma, CA 95476Price Reduced: 01/17/06 -- $1,368,000 to $1,295,000Price Reduced: 02/13/06 -- $1,295,000 to $1,268,000Days on Market: 94Total Reduction: 100k That's nuthin' I bet Bill Gates has this between his couch cushionsMLS message: The property you were looking for has either been sold or removed from the market

970 GLENWOOD DR, Sonoma, CA 95476Price Reduced: 01/10/06 -- $679,000 to $665,000Days on Market: 89Total Reduction: a great big fat 14kMLS message: The property you were looking for has either been sold or removed from the market

1365 DAWN HILL RD, Glen Ellen, CAPrice Reduced: 12/11/05 -- $1,400,000 to $1,198,000Days on Market: 104Total Reduction: 202k round about 14.5%MLS message: The property you were looking for has either been sold or removed from the market

Interestingly enough someone visited this blog site in the past 48 hours by doing a search engine query using this house address for 1365 Dawn Hill Rd.

435 JACEY ST, Sonoma, CA 95476Price Reduced: 01/26/06 -- $599,950 to $589,950Price Reduced: 02/16/06 -- $589,950 to $559,950Days on Market: 45Total Reduction: 40k round about not even 10%MLS message: The property you were looking for has either been sold or removed from the market

6 Comments:

Verrrrrrry interesting. My god, thanks for doing all that work. Wow. One thing I noticed, going down your list was that many of the street names corresponded to streets that have been on the foreclosure lists. Since I don't pay for the foreclosure listings, i just see the general street names, but Bokman, Gillman, etc..are some of the streets that I've seen. Many of these streets aren't that long so I have a feeling that these houses are going to be REOs pretty darn sooon.

I think so too... I was thinking of heading down those streets to see just how many for sale signs are on the street and see if we can't do a little guess who's over extended? I did notice that on the foreclosure list from this week (haven't posted it yet) there are a few new additions. It looks like one of the listings for 5th st. west... the double address condo listing seems to now be on the foreclosure list, and the owner is also listed as the same for both addresses. There is also another listing that is a couple of houses on the same street with the same owner name listed for both properties.

oh you guys are going to love what comes next. I got the Index Tribune today and there is a little blurb by one of the agents talking about how the "first offer" is usually the best offer. and the tone of the write up was that it may be the only offer a seller gets.

I will pull the choice pieces out and post my thoughts.

There was this great cheesy head shot of another saying "What Bubble?" LOL... right... ok, so you CAN'T look at the number of houses sold in a week or a month and see the rapid drop off... and the rising inventory and admit there is a bubble?

oh and you have got to love those who were so late to this ballgame that drank from the real estate kool aid about real estate only goes up and you can't lose now and cramming in the door to be the next generation of real estate agents. You gotta love those people who chase a career because they think it is easy money. How much you want to bet those are the same sorts that always seem to be looking to get something for nothing?